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Strategy's flagship preferred stock STRC hit a new record low as U.S. markets opened, with Bitcoin lingering below $60,000. CEO Michael Saylor acknowledged the 'volatility test' but remained optimistic about Bitcoin's long-term potential.
Senior Bitcoin developer Matt Corallo is urging Bitcoin projects to leave GitHub following a ban on the Rust Lightning implementation. Citing broken merge scripts, hidden diffs, and unreliable tracking, developers recommend migrating to self-hosted Forgejo solutions, with Andrew Poelstra among those raising concerns.
Trezor Academy released a documentary showcasing Bitcoin adoption in Africa and launched a donation program to fund Bitcoin education initiatives in the Global South. The initiative aims to empower communities through financial literacy and access to decentralized finance.
Nearly 50,000 BTC were transferred to exchanges at a loss, signaling potential selling pressure. Short-term Bitcoin holders are under significant stress, raising concerns about further price declines.
Tether is allowing holders of its gold-backed token (XAUT) to borrow against their bullion without selling it, mirroring bitcoin-backed lending. The stablecoin issuer is leveraging its $23 billion gold reserve to extend its tokenized gold strategy, providing liquidity to investors while keeping their gold intact.
Ether’s technical setup points to a potential drop to $1,375, a move that could lift one whale’s unrealized profit to $2.39 million.
Long-dormant Ethereum wallets have moved 37,806 ETH as large holders face their first unprofitable period since 2019. This signals cautious sentiment among crypto whales as ETH hovers around the $1.5K mark.
SecondFi has completed its forensic investigation into a recent Cardano wallet exploit, taken a final balance snapshot, and plans to return affected assets to users within two weeks.
Senators John Curtis and Adam Schiff have raised concerns about Polymarket's advertising, calling it deceptive and urging the CFTC to investigate, highlighting a 'troubling' report and potential enforcement gaps.
Crypto firms in the EU must obtain a MiCA license by July 1 or shut down. Spain's regulator has ruled out extensions, leaving Binance and others in limbo.
Strategy's market capitalization has fallen below the value of its bitcoin holdings, marking a sharp reversal from years when the company traded at a premium. This shift removes a key source of capital-raising flexibility that Michael Saylor had exploited.
EU lawmakers have issued a nonbinding report urging the assessment of DeFi, staking, and NFT regulations. The report warns against fragmented national rules under MiCA and calls for a unified approach to crypto regulation.
Bitcoin's price fell to around $59,400 after $691 million was pulled from spot ETFs, the largest outflow since May. This comes ahead of a significant $10.6 billion options expiry on Friday, which could further impact prices.
1. OVERNIGHT MOVES
A group of 17 Democratic senators has criticized the CFTC for suing state regulators over prediction markets, calling it an “assault” on state oversight. The senators argue that states should have the authority to regulate these markets within their jurisdictions.
Maxine Waters, the ranking Democrat on the House Financial Services Committee, urged the Department of Labor to withdraw its proposal allowing crypto in retirement accounts. This move could impact future regulations on crypto investments for everyday savers.
Aave and Solana ecosystem tokens are driving a crypto market rebound, with Bitcoin holding steady near $60,000. Aave's founder hinted at potential token buybacks under a new framework, adding to the positive momentum.
The Ethereum Foundation (EF) has completed a major reorganization to better execute its mission. The changes include new teams and a clearer focus on key projects, aiming to support Ethereum's long-term development. The EF now has a more streamlined structure to tackle critical tasks ahead.
A former Ethereum Foundation leader warns the network must quickly create new funding institutions as the Foundation steps back from its primary funding role. This shift could impact future development and security if not addressed promptly.
The SEC and CFTC are jointly seeking public feedback on portfolio margin rules, including cross-margining, collateral requirements, and risk management, as cryptocurrency derivatives and multi-asset trading continue to expand.
Spain's financial regulator has ruled out any extensions for crypto companies to comply with the EU's MiCA regulations. This means firms must secure proper licensing by the deadline or face penalties. The deadline is July 2026.
Securitize, a BlackRock-backed tokenization specialist, expects to close its SPAC merger next week and begin trading on the NYSE, pending shareholder approval. The company is targeting $400 million in funding.
Coinbase's Base blockchain, one of Ethereum's largest layer-2 networks, experienced a two-hour outage that halted transaction processing. The network is now back online, and the cause remains under investigation.
Strategy’s $13 billion paper loss on Bitcoin exceeds the market caps of hundreds of tokens, including Chainlink and Polygon, highlighting extreme concentration of risk in the crypto market.